Here's an interesting comment from Rich Habits about the wealthy having multiple streams of income:
Multiple streams of income, therefore, are a common denominator in building wealth. If you want to become rich, you must create multiple streams of income. That’s what self-made millionaires do. One stream of income is just not enough, if you want to be rich.
So, do you have multiple streams of income?
When I was working I had (at various times):
- Salary from job
- Part-time job as soccer referee
- Side businesses (this blog and freelance writing)
- P2P lending investments
- Real estate investments
Only a few of my multiple streams were significant, but every little bit helps.
Now that I'm retired, a handful of those streams are helping me do quite well despite not having a salary.
How about you? Do you have multiple streams of income?